Malaysia: Inflation picks up in September
October 21, 2011
In September, consumer prices rose 0.2% over the previous month, which mirrored the 0.2% increases tallied in both July and August. The monthly price increase was mainly driven by higher prices in the clothing and footwear category, as well for food and non-alcoholic beverages, which were, however, partially offset by lower transport prices. Annual inflation inched up from 3.3% in August to 3.4% in September, which was slightly above market expectations that prices would rise at the same rate as in August. However, annual average inflation in September inched down to 3.3% from the 3.4% increase recorded in the previous two months. The government estimates inflation to average between 2.5% and 3.5% this year.